Inspector507
Super Member
My local CVS locks up razor blades too.
Razor Blades and Wal Mart
- Thread starter hunterridgefarm
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2manyrocks
Super Member
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- Jul 28, 2007
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- 8,681
I don't see why CEO's of large companies are entitled to multimillion dollar paychecks unless there is some specific reason that their company's earnings are directly tied to their personal performance (example-Steve Jobs/apple Computer). Does anybody really think that Walmart's earnings would decline if their CEO quit his job tomorrow? The stockholders are taking the investment risks of holding the company's stock, and the company's earnings belong to the stockholders, not the CEO and not the board of directors.
$4.00 an hour may not sound like much, but for low income people, it can be substantial to a family just barely getting by.
$4.00 an hour may not sound like much, but for low income people, it can be substantial to a family just barely getting by.
Scooby074
Super Member
Bird,
I think Weir is a man of principle, and in that sense is a good guy. Rather then cheapen his product or off shore, as walmart wanted and expected him to do, he chose to make the incredibly difficult decision to no longer continue to sell to the worlds largest retailer. That took guts on a major level.
The "fluff" the story about the seating and the like, is just that fluff. Basically its there to illustrate walmarts quest for low cost, be it in their stores or head office. To me, it also shows that sometimes there is more than just low cost to be considered. Its how you present yourself. Frankly, i think that having lawn furniture as seating, in the head office of a multi-billion dollar operation is being frugal to the point of being foolish. Which is also partly the meaning of the article.
I understand walmart's offer to increase their purchase of Snapper products was unexpected, and I'd be sweating too if i was just going to drop walmart as a customer. That could ruin your career and your company. I think that he went there because like myself, Mr Weir prefers to conduct his business in person, at least in this case,
Weir said he respects walmart, and has adopted their practices regarding inventory and production, however they still conduct business in a "fair" manner. Fair to his employees, his companies history and their independent retailers. Theres nothing wrong with being lean as long as its fair.
Read johndeere4300's previous post. Walmart respects the unions in china, and gave raises, social security,paid vacation and overtime, yet they close stores to break the unions here in Canada. Also notice how walmart's salaries in the states havent kept up with inflation.
As a taxpayer, your subsidizing walmarts low wages through the government assistance that their employees require.
When walmart came to canada (they bought the established woolco chain) they promised to source most of their products in Canada, and by extension the US. They did keep their word for a while, now its nothing but imports. And we wonder why were losing jobs left and right?
No one can deny Walmart has been successful, but the issue is, success at what cost?
I think Weir is a man of principle, and in that sense is a good guy. Rather then cheapen his product or off shore, as walmart wanted and expected him to do, he chose to make the incredibly difficult decision to no longer continue to sell to the worlds largest retailer. That took guts on a major level.
The "fluff" the story about the seating and the like, is just that fluff. Basically its there to illustrate walmarts quest for low cost, be it in their stores or head office. To me, it also shows that sometimes there is more than just low cost to be considered. Its how you present yourself. Frankly, i think that having lawn furniture as seating, in the head office of a multi-billion dollar operation is being frugal to the point of being foolish. Which is also partly the meaning of the article.
I understand walmart's offer to increase their purchase of Snapper products was unexpected, and I'd be sweating too if i was just going to drop walmart as a customer. That could ruin your career and your company. I think that he went there because like myself, Mr Weir prefers to conduct his business in person, at least in this case,
Weir said he respects walmart, and has adopted their practices regarding inventory and production, however they still conduct business in a "fair" manner. Fair to his employees, his companies history and their independent retailers. Theres nothing wrong with being lean as long as its fair.
Read johndeere4300's previous post. Walmart respects the unions in china, and gave raises, social security,paid vacation and overtime, yet they close stores to break the unions here in Canada. Also notice how walmart's salaries in the states havent kept up with inflation.
As a taxpayer, your subsidizing walmarts low wages through the government assistance that their employees require.
When walmart came to canada (they bought the established woolco chain) they promised to source most of their products in Canada, and by extension the US. They did keep their word for a while, now its nothing but imports. And we wonder why were losing jobs left and right?
No one can deny Walmart has been successful, but the issue is, success at what cost?
Last edited:
JohnDeere4300
Veteran Member
Walmarts rollback prices.........And those stupid signs.
___________________________
When they have a pallet of something sitting in the middle of the floor, and a rollback price on that item.
*Has anyone ever flipped it up to see what the price was?????????
My daughter went to Walmart with her grandma and grandpa last year, and my daughter was playing around with the signs, the price on that item was...$9.97...and she raised it up and the price was..$7.97...and that was a rollback
________more of a rollup price.
So my Father-in-law raised up a couple more signs in the store and found others like that, So he asked the manager and the manager said, that was probably a mistake that a worker did.
but the other signs was in other departments of the store.
Wal-Mart痴 Wages Increase in China, Rollback in US
*Does anyone see a problem with the price on this item???___
___________________________
When they have a pallet of something sitting in the middle of the floor, and a rollback price on that item.
*Has anyone ever flipped it up to see what the price was?????????
My daughter went to Walmart with her grandma and grandpa last year, and my daughter was playing around with the signs, the price on that item was...$9.97...and she raised it up and the price was..$7.97...and that was a rollback
________more of a rollup price.So my Father-in-law raised up a couple more signs in the store and found others like that, So he asked the manager and the manager said, that was probably a mistake that a worker did.
but the other signs was in other departments of the store.
Wal-Mart痴 Wages Increase in China, Rollback in US
*Does anyone see a problem with the price on this item???___
Last edited:
Bird
Rest in Peace
*Does anyone see a problem with the price on this item???___
You mean that little 116% price increase?
2manyrocks
Super Member
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- Jul 28, 2007
- Messages
- 8,681
If an employee is paid $10 an hour for 35 hours a week for 50 weeks a year, that comes to $17,500 before taxes. I have an issue with thousands of employees making $17,500 a year when the CEO gets $30 million a year. What possible contribution could one person make to the company's earnings to justify this level of compensation? The CEO doesn't own the stores. The stockholders put up the capital to build them and to operate the stores, and are the ones taking the risk in doing this.
I also have an issue with a management practice that keeps wages low for everybody except top management.
One of the reasons for the melt down in the financial markets is because the investment firms went from being partnerships to public companies. When they were partnerships, the partners knew they'd lose their own assets if the firms took stupid investment risks, and so they had an economic incentive to only make good investments. When they became public companies, the managers got themselves in the position of paying themselves huge salaries and bonuses even when they were making foolish investments with the company's assets. The risks of bad investments were on the stockholders. When it got to the end of the ride, the managers continued to pay out bonuses to themselves leaving behind insolvent wrecks. I bring this up to illustrate the point that the real economic risks are on the stockholders and not the managers, and every company should reevaluate how their CEOs and managers are being compensated in light of the fact that they are operating with the stockholder's capital and at the economic risk of the stockholders.
I also have an issue with a management practice that keeps wages low for everybody except top management.
One of the reasons for the melt down in the financial markets is because the investment firms went from being partnerships to public companies. When they were partnerships, the partners knew they'd lose their own assets if the firms took stupid investment risks, and so they had an economic incentive to only make good investments. When they became public companies, the managers got themselves in the position of paying themselves huge salaries and bonuses even when they were making foolish investments with the company's assets. The risks of bad investments were on the stockholders. When it got to the end of the ride, the managers continued to pay out bonuses to themselves leaving behind insolvent wrecks. I bring this up to illustrate the point that the real economic risks are on the stockholders and not the managers, and every company should reevaluate how their CEOs and managers are being compensated in light of the fact that they are operating with the stockholder's capital and at the economic risk of the stockholders.
Taylortractornut
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- Iuka Mississippi USA
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- 3550 Fard Backhoe and a 1948 Farmall Cub,
A friend of mine that works at the little wally world here told me today they were going to lock up the birth control items. If its anything like getting a them to unlock the gun or stereo cabinets, pregnancies will triple lol. I went in the other night to get a box of .ss rodent shells and they werelocked up and noone in that dept. Well come to find out the the worker that had the only apparent set of keys was outside herding buggies. after 15 minutes I left.
I think theft is the main reason but some of the employees dont seem to care either. I hate going in there because ofthe lines, theres 3 cashiers and about 7 other workers looking busy. I only buy dog food once a week there. My wife loves the super wally world. I do likethe fact they are now carring local produce to. Other box stores like Lowes are getting old to me. I went in to get a P trap with compression fittings on both ends. All the items in the plumming PVC section wer jmbled up in the wrong boxes and when I asked for help the dept. head didntknow what I was talking about. He tried 5 times to sell me one that had to be have a threaded sction glued on to the existing piping. I wasl imitied on space. the next day I went to the local one in town here and they new what I needed and, it was a dollar cheaper.
I think theft is the main reason but some of the employees dont seem to care either. I hate going in there because ofthe lines, theres 3 cashiers and about 7 other workers looking busy. I only buy dog food once a week there. My wife loves the super wally world. I do likethe fact they are now carring local produce to. Other box stores like Lowes are getting old to me. I went in to get a P trap with compression fittings on both ends. All the items in the plumming PVC section wer jmbled up in the wrong boxes and when I asked for help the dept. head didntknow what I was talking about. He tried 5 times to sell me one that had to be have a threaded sction glued on to the existing piping. I wasl imitied on space. the next day I went to the local one in town here and they new what I needed and, it was a dollar cheaper.
dmccarty
Super Star Member
If Walmart's buying stuff made in China is bad where does one shop? Target? Roses? KMART? Walmart is not the reason products are made in China.
ANY company that does business with Walmart knows how Wallyworld works. If they don't they are fools. Wallmart buys a product today with certain X features and a given price. Next year Walmart will want the same X features or maybe X+1 for less cost. Its they way they work. If a company want to make money selling their product via Walmart they know that the margins will be very, very tight. And that will not change. Retail in Walmart's market has very small profit margins but the money is made on volume.
I read an article years ago about Wallyworld and a bicycle company. The CEO wanted the volume that selling at Walmart would bring. He did not want to cheapen his companies brand but he want the money that Walmart volume would bring. He signed a contract. Then he got unhappy. It sounded like his contract said that his company would provide X number of product at a Y price with an option to increase X. The problem was that the CEO knew they could not increase X and when Walmart wanted more product the poo hit the fan. I assume, the article did not go into details, that there was a penalty if the CEO's company could not supply more product. And his brand was cheaped. Somewhat I never considered the brand of bikes that good and I'm not a bike snob.
That is the CEOs fault not Walmart. You sell with Wally you know rules of the game. Companies are not selling with Wally to loose money. If they do they are fools.
Can anyone show a US made TV? Stereo system? Speakers? CD Player? DVD Players? Cameras? Tain't Walmarts fault that there are not US made products. How much stuff in Best Buys or used to be Circuit City was made in the US? Is it Best Buy's fault that the stuff is not made in the US?
Later,
Dan
ANY company that does business with Walmart knows how Wallyworld works. If they don't they are fools. Wallmart buys a product today with certain X features and a given price. Next year Walmart will want the same X features or maybe X+1 for less cost. Its they way they work. If a company want to make money selling their product via Walmart they know that the margins will be very, very tight. And that will not change. Retail in Walmart's market has very small profit margins but the money is made on volume.
I read an article years ago about Wallyworld and a bicycle company. The CEO wanted the volume that selling at Walmart would bring. He did not want to cheapen his companies brand but he want the money that Walmart volume would bring. He signed a contract. Then he got unhappy. It sounded like his contract said that his company would provide X number of product at a Y price with an option to increase X. The problem was that the CEO knew they could not increase X and when Walmart wanted more product the poo hit the fan. I assume, the article did not go into details, that there was a penalty if the CEO's company could not supply more product. And his brand was cheaped. Somewhat I never considered the brand of bikes that good and I'm not a bike snob.
That is the CEOs fault not Walmart. You sell with Wally you know rules of the game. Companies are not selling with Wally to loose money. If they do they are fools.
Can anyone show a US made TV? Stereo system? Speakers? CD Player? DVD Players? Cameras? Tain't Walmarts fault that there are not US made products. How much stuff in Best Buys or used to be Circuit City was made in the US? Is it Best Buy's fault that the stuff is not made in the US?
Later,
Dan
2manyrocks
Super Member
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- Jul 28, 2007
- Messages
- 8,681
Does anybody know what might be the actual production costs of import items versus the same items made in the US? For example--if it costs $100 to make product X in the US and $60 to make product X overseas and ship it here, then there is in theory $40 of profit to be had. Just because the item cost $60 to make doesn't mean that the store is going to sell it for $70. It seems to me that they slightly underprice the US retail price in order to capture the market for import items, but what is the true cost of production and who keeps the profit?
Scooby074
Super Member
2many, heres an example of how hard it is to compete with china.
A chinese trade delegation came through and went to a local manufacturer. That manufacturer used a local foundry to cast an item that was approx. 100 pounds. Locally sourced, the rough casting was $100 IIRC then you had the cost of machining. The chinese said they could cast, machine and ship the product here for $40. Its been a few years, but i imagine its still pretty much the same.
How do you compete with slave labour in china?
A chinese trade delegation came through and went to a local manufacturer. That manufacturer used a local foundry to cast an item that was approx. 100 pounds. Locally sourced, the rough casting was $100 IIRC then you had the cost of machining. The chinese said they could cast, machine and ship the product here for $40. Its been a few years, but i imagine its still pretty much the same.
How do you compete with slave labour in china?
